July 2, 2013
The Chairman and Managing Director/
Chief Executives Officer of
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam / Dear Sir,
Capital Requirements for Banks’ Exposures to Central Counterparties
Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the final guidelines on capital requirements for banks’ exposures to central counterparties, based on the interim framework of the Basel Committee on Banking Supervision (BCBS), will be issued by end-June 2013.
2. The finalised guidelines on capital requirements for banks’ exposures to central counterparties are annexed. These instructions would become effective from January 1, 2014.
Principal Chief General Manager
Please find the attachment for full Circular.